Most people have heard of the term, “short sale”, but some don’t understand what they are, how they work and what they are used for. This short video above reviews the fundamentals of the short sale. After viewing this video, you will learn:
1. The meaning of a short sale.
2. The way a short sale works.
3. Qualification requirements for a short sale.
A real estate “Short Sale”, is when a mortgage lender agrees to let a homeowner, sell their house for less than the balance of what is owed on the property. This lets the homeowner get out of the mortgage obligation without any of the negative consequences of a foreclosure. In many cases, a short sale is used to avoid foreclosure.
We can work around your timeline and goals for short selling your home. We will work hard to ensure that the short sale process is straightforward, fast, and efficient. We understand the paperwork involved in real estate short sale transactions and will work hand in hand with you every step of the way. Questions? Call us at 800-296-0090
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